Market Trends of Liquid Handling System Industry
This section covers the major market trends shaping the Liquid Handling System Market according to our research experts:
Contract Research Organisation in the End User Segment are Expected to Witness Healthy Growth in Future
The contract research organizations are expected to witness healthy growth owing to the rising funding for R&D and increasing outsourcing by pharmaceutical companies for research activities. The contract research organizations are adopting this technology to enhance their lab capabilities. As per the estimations of the Association of Clinical Research Organizations, more than 50% of the CROs perform outsourced clinical study work for the pharmaceutical industry. The primary benefit of liquid handling systems is that it helps to remove both person-to-person and day-to-day variability. The increase in contract research activities will increase the demand for liquid handling systems over the forecast period.
United States is Expected to Dominate the Studied Market
The major factors driving the growth of the market in the United States are increasing research activities and the rising adoption of automation in the research facilities. Furthermore, market players are focusing on the launch of new liquid handling systems. For instance, recently in 2018, one of the market player Labcyte Inc., announced the launch the Echo 650 and 655 Liquid Handlers. The United States provides high funding for research and development activities which is expected to boost the overall growth of the market. Also, most of the research facilities are adopting automation in the lab procedures leading to the healthy demand for liquid handling systems.
